*Stocks were mixed in Asian trade. The Hang Seng added a half percent and Shanghai was up one third of a percent, but Australia lost two thirds of a percent and the Nikkei was down a slight fraction. European indexes are generally lower on the day, with the Footsie off by a third of a percent and the Dax is down about a quarter percent. US stock futures are down about a quarter percent. *Mubarak surprised just about everyone yesterday when he reiterated that he would stay on until September. This morning the Armed Forces surprised just about everyone when they issued a statement saying they support Mubarak’s intention. To no one’s surprise protests are ongoing.
*The final January reading of Germany’s Consumer Price Index was revised higher by one tenth; now said to be -0.4% month on month and +2.0% annualized.
*The January reading of Germany’s Wholesale Price Index is +1.2% on the month.
*The January reading of the UK Producer Price Index is +1.0% on the month, double the forecast.
*The December reading of the US Trade Balance is due out at 7:30am CST, it is expected to be a deficit of $40.5 billion. The preliminary February reading of consumer sentiment from the University of Michigan is due out at 8:55am CST; it is forecast to rise to 75.0 from 74.2 in January.
*Fed Governor Raskin is scheduled to speak on mortgage servicing at 8:00pm CST.
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